Slide 1: Q1 2026 Earnings Call & Webcast
Q1 2026 Earnings Call & Webcast TSX: AIF | May 7, 2026
Slide 2: Forward-looking information & statements
Forward-looking information & statements Certain information in this presentation may constitute “forward-looking information” within the meaning of applicable securities legislation. All information contained in this presentation, other than statements of current and historical fact, is forward-loo
Slide 3: Opening remarks
Opening remarks Mike Gordon CEO & Chair 3
Slide 4: Introducing ARGUS Assist
Introducing ARGUS Assist ARGUS Intelligence meets Agentic AI: conversational interface to interact with ARGUS data Built directly into ARGUS Intelligence Works across the entire platform Embedded in valuation- grade workflows Powered by the ARGUS calculation engine 4
Slide 5: Path to value creation
Path to value creation • Enhanced ARGUS Intelligence platform with agentic AI - unveiled ✓ Deliver on innovation roadmap ARGUS Assist & Valuation Agent at Altus Connect client conference and drive assets to platform to • Steadily growing number of assets on the ARGUS Intelligence platform, fuel bett
Slide 6: Q1 2026 review
Q1 2026 review Pawan Chhabra Chief Financial Officer 6
Slide 7: Q1 2026 summary results
Q1 2026 summary results Consolidated continuing operations now reflect only the Analytics segment Continuing operations** Q1 2026 % y/y change change currency Revenues $108.2M 6.2% Constant Currency Recurring Revenue* $102.8M 6.5% Constant Currency Profit (Loss) from continuing operations $(6.5)M 10
Slide 8: Q1 2026 revenue performance
Q1 2026 revenue performance Flagship offerings driving steady topline growth & ARR $60M $50M $40M $30M $20M $10M $0M Q1 Q2 Q3 Q4 Q1 Q1 Q2 Q3 Q4 Q1 Q1 Q2 Q3 Q4 Q1 Q1 Q2 Q3 Q4 Q1 2025 2025 2025 2025 2026 2025 2025 2025 2025 2026 2025 2025 2025 2025 2026 2025 2025 2025 2025 2026 Software VMS Data Servi
Slide 9: Operating metrics*
Operating metrics* Steady ARR growth and retention reflect a durable, high-quality revenue base Recurring Revenue Software ARR VMS ARR 6.5% CC 10.5% 4.8% $102.8M $202.9M $169.4M Software NRR Software GRR VMS GLR 106.9% 91.0% 93.4% unchanged 70 bps 190 bps Please refer to Appendix slide for definitio
Slide 10: P&L efficiency
P&L efficiency Steady improvements, progressing towards target model Cost of sales Gross profit Gross margin 0.4% 5.5% 120 bps $31.0M $77.2M 71.4% S&M expense R&D expense G&A expense $17.4M $13.3M $27.4M 16.1% of revenue 12.2% of revenue 25.3% of revenue 1.0% 0.5% 11.0% 10 All growth rates (% & bps)
Slide 11: Cash generation & balance sheet
Cash generation & balance sheet Growing cash generation fuels balance sheet strength and capital returns Amended credit facility strengthens liquidity, preserves flexibility and reflects lender confidence Net cash provided by operating activities $21.0M 2,873.8% Cash position $253.1M ~$200M Bank deb
Slide 12: 2026 business outlook
2026 business outlook Progressing towards goal to exit 2027 as a Rule of 40 company Guidance updated for continuing operations & refreshes implied As Reported $ ranges for current FX rates: Loss of One11 Managed Revenues Adjusted EBITDA margin* Services partial revenues is offset by increased Analyt
Slide 13: Question period
Question period For additional inquiries please email: IR@altusgroup.com 13
Slide 14: APPENDIX
APPENDIX 14
Slide 15: Non-GAAP and other measures definitions
Non-GAAP and other measures definitions Altus Group uses certain non-GAAP financial measures, non-GAAP ratios, capital management measures, and supplementary and other financial measures as defined in NI 52-112. Management believes that these measures may assist investors in assessing an investment
Slide 16: Non-GAAP and other measures definitions
Non-GAAP and other measures definitions Capital Management Measures Free Cash Flow: Altus Group uses Free Cash Flow to understand how much of the cash generated from operating activities is available to repay borrowings and to reinvest in the Company. How it’s calculated: Net cash provided by (used